Tax Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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Latinos Call for Immigration Reform, Not Record Deportations
Inter Press ServiceNovember 1, 2011

NEW YORK, Nov 1, 2011 (IPS) - In his campaign, President Barack Obama promised to make comprehensive immigration reform a top priority – a pledge mainly directed at Latino voters. But in his nearly three years in office, ...more »

Proposal would eliminate Dallas antitrust enforcement office, send work elsewhere
Dallas Morning News (subscription)November 1, 2011

Unlike federal prosecutors who work for the US attorney's office, antitrust prosecutors investigate their own cases, rather than relying solely on law enforcement such as the FBI.Some local cases: In 1999, a Dallas investigation into international ...more »

Tax Law News and Stories

Audit Defence
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Food Labels, MF Global, FrontPoint, BNY Mellon: Compliance
BusinessWeekNovember 21, 2011

The Canadian government is considering narrowing the focus of its main environmental assessment agency so it can accelerate reviews of major industrial projects, Environment Minister Peter Kent said. The Canadian Environmental Assessment Agency ...more »

International Taxation
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Vern Krishna: Flat tax promises are impossible to implement
Financial PostNovember 2, 2011

Today, our tax law is more than 4000 pages. Globalization and capital mobility changed the economic model and the tax system along with it. As the financial debacles of 2008 and, more recently, of August 2011 illustrate, capital can move across ...more »

Business Audit Defence
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Gilman Law LLP Investigating Shareholder Lawsuit Against Omnicare, Inc.
PR Web (press release)November 1, 2011

Gilman Law LLP, A National Law Firm Representing the Victims of Securities Fraud, is Actively Investigating a Class Action Lawsuit on Behalf of Investors in Omnicare, Inc. Gilman Law LLP, a prominent national securities law firm, is investigating ...more »

Property Taxes
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Medical-Marijuana Shops May Pay for Bid to Repeal San Jose Rules
BusinessWeekNovember 2, 2011

To pay for an election to repeal the rules, Reed called for an increase in the city's tax on the shops to the maximum 10 percent of gross receipts, up from 7 percent currently, according to a memo the mayor released yesterday. ...more »

Sales Tax & Use Tax
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Early Voting in Walton County Ends Today
Patch.comNovember 4, 2011

Shall a special one percent sales and use tax be imposed in the special district consisting of Walton County for a period of time not to exceed 24 calendar quarters and for the raising of an estimated amount of $60000000 for the purpose of funding the ...more »

Corporate Income Taxes
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10-Q: MB FINANCIAL INC /MD
Middle East North Africa Financial NetworkNovember 1, 2011

As of September 30, 2011, the Company had $6 thousand of accrued interest related to tax reserves. The application of income tax law is inherently complex. Laws and regulations in this area are voluminous and are often ambiguous. ...more »

Tax Evasion Defence
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Swiss deny offering $10 billion to end US tax probe
Ahram OnlineNovember 7, 2011

Switzerland denied on Monday offering $10 billion to settle a tax evasion dispute with the United States, saying that the sum cited by local press was "rather impossible." An economy ministry spokesman told AFP that "we did not make a proposal" with a ...more »

Estate Taxes & Gift Taxes
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Fact Check: Perry's dubious tax promise
USA TodayNovember 1, 2011

And compared with "current law," under which all the 2001 and 2003 Bush tax cuts would expire, the loss in revenue would be close to $1 trillion in 2015, a reduction of 27 percent in projected revenue. TPC assumes that the existing tax law remains ...more »

Tax Planning
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Somers budget plan boosts tax rate but stays under levy cap
The Journal News | LoHud.comNovember 5, 2011

The proposed $12.6 million spending plan, up from the nearly $12.4 million budget for 2011, would, however, increase the tax rate by more than 11 percent. It calls for cuts in planning and police departments, and abolishing the town's Conservation ...more »

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